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Stock Charts AI Power Rank: 6.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Phillips 66 (PSX)
Industry: Oil & Gas Refining & Marketing
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PSX has been trading in a range between $141.17 and $132.81 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PSX is trading between resistance at $142.41 about 0% to the upside and support at $136.92 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $147.24, about a 4% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Phillips 66 $PSX entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $128.92, a potential down side of -9.35% from the recent price of 142.21. The stock is trading 21.45% (potential upside) below its 52 week high of $172.71 and 36.91 % (potential downside) above its 52 week low of $103.87 - based on the recent price.
Company Summary
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
News
| Phillips 66 (PSX) Stock Declines While Market Improves: Some Information for Investors Phillips 66 (PSX) concluded the recent trading session at $142.21, signifying a -0.21% move from its prior day's close. Source: Zacks Investment Research Fri, 26 Jul 2024 19:21:31 -0400 Sentiment: Neutral |
| Trade Tracker: Bill Baruch sells Phillips 66 Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to discuss his latest trades. Source: CNBC Television Fri, 26 Jul 2024 13:55:40 -0400 Sentiment: Negative |
| What's in Store for Phillips 66 (PSX) This Earnings Season? Refining turnaround costs and higher input expenses are likely to have hurt Phillips 66's (PSX) Q2 earnings. Source: Zacks Investment Research Thu, 25 Jul 2024 09:50:59 -0400 Sentiment: Negative |
| 7 Oil Stocks to Buy as Political Forces Collide The world runs on oil. Given the scientific advantages of fossil fuels – namely their immense energy density – it's likely that the world will run on oil for a longer time than pundits are expecting. Source: InvestorPlace Tue, 23 Jul 2024 15:11:34 -0400 Sentiment: Positive |
| Earnings Preview: Phillips 66 (PSX) Q2 Earnings Expected to Decline Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Tue, 23 Jul 2024 11:07:03 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 172.7074 52 Week Low: 103.8659 Beta: 1.329 50 Day MA: 139.5428 200 Day MA: 138.0311 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.588 Qtr Revenue Growth YOY: 0.041 Forward PE: 11.9904 Trailing PE: 10.9308